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Potato futures continue to rise on high spot demand

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Press Trust of India New Delhi

Potato futures prices continued to rise and added Rs 1.30, or 0.21 per cent, to Rs 606.70 per quintal, as traders enlarged their positions on good demand in spot markets, supported by the ongoing festive season.

Tight supplies from producing regions also supported the uptrend in potato futures.

At the Multi Commodity Exchange platform, potato for delivery in March added Rs 1.30, or 0.21 per cent, to Rs 606.70 per quintal, with an open interest of just one lot.

The commodity for delivery in the April contract also traded marginally higher by Rs 0.30, or 0.05 per cent, to Rs 586.70 per quintal, with a business turnover of two lots.

Market experts said restricted arrivals against increased demand in the spot market mainly helped potato prices to trade higher at futures trade.

 

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First Published: Oct 14 2010 | 2:17 PM IST

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